Business Law

A company that valued and marketed certain bond funds purchased by plaintiff investors through a brokerage firm is not subject to FINRA arbitration proceedings, the 4th Circuit says, because the investors were not “customers” of the marketing company under the ...

A Verizon customer who is suing over a $135 early-termination fee for his cancellation of his Internet service must arbitrate his complaint based on an arbitration clause embedded in an email, as the initial contract expressly stated that continued use ...

The buyer of a Tazewell business that manufactured mine safety equipment cannot sue the sellers on various claims arising from the sellers’ Distributor Analysis projecting high sales for a key product line, despite allegedly knowing the mines that had yet ...

An electrical contractor hired as a “sub-subcontractor” on a project to build beach cottages for the U.S. Navy may sue on the prime contractor’s payment bond, says a Norfolk U.S. District Court. This is a Miller Act payment bond action ...

A Virginia healthcare company is a “customer” of the financial services companies it hired to structure its municipal bond offering, and it entitled to FINRA arbitration of its claims that it was fraudulently induced to issue over $234 million in ...

Plaintiffs may not return to state court to sue Capital One for alleged breach of fiduciary duty based on directors’ and officers’ failure to prevent alleged violations of federal consumer protection laws that led to payment of hundreds of millions ...

A pharmaceutical company employee has not stated a claim under the False Claims Act with general allegations that the company’s marketing of its “off-label” prescriptions and unnecessarily high-dose prescriptions of the company’s Kapidex drug necessarily meant that false claims for ...

The Supreme Court of Virginia upholds a $5.3 million jury award to the former CEO of a technology firm on his claims for breach of contract and unjust enrichment after he was moved aside when a major shareholder sought greater ...

Plaintiff mortgage company may sue defendant mortgage broker for breach of contract with respect to nine home mortgage loans defendant brokered to plaintiff, says the Richmond U.S. District Court. The court denies defendant’s motion to dismiss on the following grounds: ...

In this lawsuit alleging defendants infringed plaintiff assignee’s patent for an internet server and method of controlling an internet server, the Alexandria U.S. District Court says the assignment gave the assignee “all substantial rights” and it may pursue this action. ...